16th Mar 2022 11:01
FORM 8.5 (EPT/RI)
PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY
Rule 8.5 of the Takeover Code (the "Code")
1. KEY INFORMATION
(a) Name of exempt principal trader: | Morgan Stanley & Co. International plc |
(b) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree | Pearson plc |
(c) Name of the party to the offer with which exempt principal trader is connected: | Pearson plc |
(d) Date dealing undertaken: | 15 March 2022 |
(e) In addition to the company in 1(b) above, is the exempt principal trader making disclosures in respect of any other party to this offer? If it is a cash offer or possible cash offer, state "N/A" | NO |
2. DEALINGS BY THE EXEMPT PRINCIPAL TRADER
Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 2(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.
The currency of all prices and other monetary amounts should be stated.
(a) Purchases and sales
Class of relevant security | Purchases/ sales
| Total number of securities | Highest price per unit paid/received | Lowest price per unit paid/received |
25p ordinary | PURCHASES | 16,204 | 10.7937 USD | 10.7937 USD |
25p ordinary | SALES | 1,552,389 | 8.2684 GBP | 7.5300 GBP |
25p ordinary | PURCHASES | 1,448,857 | 8.2697 GBP | 7.5563 GBP |
ADS | PURCHASES | 1 | 10.8600 USD | 10.8600 USD |
ADS | SALES | 1 | 10.8600 USD | 10.8600 USD |
(b) Cash-settled derivative transactions
Class of relevant security | Product description e.g. CFD | Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position | Number of reference securities | Price per unit |
25p ordinary | CFD | increasing a long position | 3,497 | 7.6937 GBP |
25p ordinary | CFD | increasing a long position | 4,317 | 8.0713 GBP |
25p ordinary | CFD | increasing a long position | 15,906 | 8.0718 GBP |
25p ordinary | CFD | increasing a long position | 709 | 8.0854 GBP |
25p ordinary | CFD | increasing a long position | 4,780 | 8.0946 GBP |
25p ordinary | CFD | increasing a long position | 2,600 | 8.1801 GBP |
25p ordinary | CFD | increasing a long position | 55,806 | 8.2015 GBP |
25p ordinary | CFD | increasing a long position | 16,854 | 8.2036 GBP |
25p ordinary | CFD | increasing a long position | 1,432 | 8.2141 GBP |
25p ordinary | CFD | increasing a long position | 30,372 | 8.2211 GBP |
25p ordinary | CFD | increasing a long position | 96,479 | 8.2259 GBP |
25p ordinary | CFD | increasing a long position | 12,487 | 8.2676 GBP |
25p ordinary | CFD | increasing a long position | 4,445 | 8.2680 GBP |
25p ordinary | CFD | increasing a long position | 36,455 | 8.2680 GBP |
25p ordinary | CFD | increasing a long position | 33,162 | 8.2680 GBP |
25p ordinary | CFD | increasing a long position | 9,540 | 8.2680 GBP |
25p ordinary | CFD | increasing a short position | 16,204 | 10.7937 USD |
25p ordinary | CFD | increasing a short position | 169 | 8.0886 GBP |
25p ordinary | CFD | increasing a short position | 71,314 | 8.2151 GBP |
25p ordinary | CFD | increasing a short position | 708 | 8.2680 GBP |
25p ordinary | CFD | increasing a short position | 14,852 | 8.2697 GBP |
25p ordinary | CFD | reducing a long position | 104 | 7.9729 GBP |
25p ordinary | CFD | reducing a long position | 1,497 | 7.9729 GBP |
25p ordinary | CFD | reducing a long position | 19 | 7.9729 GBP |
25p ordinary | CFD | reducing a long position | 1,070 | 7.9729 GBP |
25p ordinary | CFD | reducing a long position | 18,145 | 7.9729 GBP |
25p ordinary | CFD | reducing a long position | 70 | 7.9729 GBP |
25p ordinary | CFD | reducing a long position | 1,270 | 7.9729 GBP |
25p ordinary | CFD | reducing a long position | 79 | 7.9729 GBP |
25p ordinary | CFD | reducing a long position | 153 | 7.9729 GBP |
25p ordinary | CFD | reducing a long position | 15 | 7.9729 GBP |
25p ordinary | CFD | reducing a long position | 11,785 | 8.0335 GBP |
25p ordinary | CFD | reducing a long position | 25,000 | 8.0579 GBP |
25p ordinary | CFD | reducing a long position | 15,906 | 8.0582 GBP |
25p ordinary | CFD | reducing a long position | 1,039 | 8.0637 GBP |
25p ordinary | CFD | reducing a long position | 4,317 | 8.0640 GBP |
25p ordinary | CFD | reducing a long position | 1,550 | 8.0903 GBP |
25p ordinary | CFD | reducing a long position | 4,921 | 8.1427 GBP |
25p ordinary | CFD | reducing a long position | 36,290 | 8.1627 GBP |
25p ordinary | CFD | reducing a long position | 247 | 8.1735 GBP |
25p ordinary | CFD | reducing a long position | 1,253 | 8.1735 GBP |
25p ordinary | CFD | reducing a long position | 30,000 | 8.1783 GBP |
25p ordinary | CFD | reducing a long position | 11,265 | 8.2030 GBP |
25p ordinary | CFD | reducing a long position | 717 | 8.2175 GBP |
25p ordinary | CFD | reducing a long position | 16,597 | 8.2290 GBP |
25p ordinary | CFD | reducing a long position | 90,142 | 8.2290 GBP |
25p ordinary | CFD | reducing a long position | 9,135 | 8.2350 GBP |
25p ordinary | CFD | reducing a long position | 17 | 8.2353 GBP |
25p ordinary | CFD | reducing a long position | 42,036 | 8.2445 GBP |
25p ordinary | CFD | reducing a long position | 8,453 | 8.2493 GBP |
25p ordinary | CFD | reducing a long position | 16 | 8.2494 GBP |
25p ordinary | CFD | reducing a long position | 1,570 | 8.2502 GBP |
25p ordinary | CFD | reducing a long position | 21 | 8.2538 GBP |
25p ordinary | CFD | reducing a long position | 10,848 | 8.2540 GBP |
25p ordinary | CFD | reducing a long position | 6,649 | 8.2650 GBP |
25p ordinary | CFD | reducing a long position | 385 | 8.2680 GBP |
25p ordinary | CFD | reducing a long position | 49,563 | 8.2680 GBP |
25p ordinary | CFD | reducing a long position | 173 | 8.2680 GBP |
25p ordinary | CFD | reducing a long position | 1,991 | 8.2680 GBP |
25p ordinary | CFD | reducing a long position | 11,229 | 8.2680 GBP |
25p ordinary | CFD | reducing a long position | 3,836 | 8.2680 GBP |
25p ordinary | CFD | reducing a long position | 5,422 | 8.2681 GBP |
25p ordinary | CFD | reducing a short position | 500 | 7.6183 GBP |
25p ordinary | CFD | reducing a short position | 169 | 8.0460 GBP |
25p ordinary | CFD | reducing a short position | 1,367 | 8.0785 GBP |
25p ordinary | CFD | reducing a short position | 4,450 | 8.2016 GBP |
25p ordinary | CFD | reducing a short position | 19,999 | 8.2044 GBP |
25p ordinary | CFD | reducing a short position | 901 | 8.2195 GBP |
25p ordinary | CFD | reducing a short position | 160 | 8.2203 GBP |
25p ordinary | CFD | reducing a short position | 39,018 | 8.2393 GBP |
25p ordinary | CFD | reducing a short position | 65,071 | 8.2680 GBP |
(c) Stock-settled derivative transactions (including options)
(i) Writing, selling, purchasing or varying
Class of relevant security | Product description e.g. call option | Writing, purchasing, selling, varying etc. | Number of securities to which option relates | Exercise price per unit | Type e.g. American, European etc. | Expiry date | Option money paid/ received per unit |
N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
(ii) Exercise
Class of relevant security | Product description e.g. call option | Exercising/ exercised against | Number of securities | Exercise price per unit |
N/A | N/A | N/A | N/A | N/A |
(d) Other dealings (including subscribing for new securities)
Class of relevant security | Nature of dealing e.g. subscription, conversion | Details | Price per unit (if applicable) |
N/A | N/A | N/A | N/A |
3. OTHER INFORMATION
(a) Indemnity and other dealing arrangements
Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the exempt principal trader making the disclosure and any party to the offer or any person acting in concert with a party to the offer: Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state "none" |
NONE
|
(b) Agreements, arrangements or understandings relating to options or derivatives
Details of any agreement, arrangement or understanding, formal or informal, between the exempt principal trader making the disclosure and any other person relating to: (i) the voting rights of any relevant securities under any option; or (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state "none" |
NONE
|
| Date of disclosure: | 16 March 2022 |
| Contact name: | Craig Horsley |
| Telephone number: | +44 141 245-7736 |
Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.
The Panel's Market Surveillance Unit is available for consultation in relation to the Code's dealing disclosure requirements on +44 (0)20 7638 0129.
The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.
Related Shares:
Pearson